TotalFinaElf S.A. (TOT) : Analyst Rating Update

TotalFinaElf S.A. (TOT) : 8 brokerage houses believe that TotalFinaElf S.A. (TOT) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on TotalFinaElf S.A. (TOT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.4.

TotalFinaElf S.A. (TOT) : The highest level TotalFinaElf S.A. (TOT) is projected to reach is $58 for the short term and the lowest estimate is at $51. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $54.8 and the possibility the share price can swing is $3.11.

TotalFinaElf S.A. (NYSE:TOT): The stock opened at $46.61 on Wednesday but the bulls could not build on the opening and the stock topped out at $46.92 for the day. The stock traded down to $46.01 during the day, due to lack of any buying support eventually closed down at $46.91 with a loss of -0.64% for the day. The stock had closed at $47.21 on the previous day. The total traded volume was 2,194,767 shares.

Also, Brokerage firm Jefferies downgrades its rating on TotalFinaElf S.A. (NYSE:TOT). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 28, 2016. The company shares have rallied 0.94% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $53.32 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $47.75 and the 200 Day Moving Average price is recorded at $46.01.

Total S.A. is an energy operator. The Company operates through three business segments: an Upstream segment, including alongside the activities of the exploration and production of hydrocarbons, the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub comprising the activities of refining, petrochemicals and specialty chemicals and also includes the activities of oil trading and shipping; a Marketing & Services segment, including the global activities of supply and marketing in the field of petroleum products, as well as the activity of new energies, and a Corporate segment, which includes holdings operating and financial activities. Its projects include CLOV, EGINA, IKIKE, INCAHUASI, LAGGAN-TORMORE, OML-58 UPGRADE, EA-1 AND EA-1A (UGANDA), ELGIN – FRANKLIN REDEVELOPMENT and ABSHERON PH.1, among others.

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